HomeMy WebLinkAbout1052 . 488439 This instrument was prepared by: ~ f
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Lenore A. Ta for
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Community Federal Savings $ Loan
Association, Riviera Beach, FL
2600 Broadway ,~~,30
AGREEMENT
(20 7171)
THIS AGREEMENT, made this z~day of ~j*Q ~ 19$O,
by and between COT4?iUNITY FEDERAL SA1~'INGS AND LOAN ASSOCIATION OF
RIVIERA BEACH* a corporation organized and existing under the laws
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of the United States of America, hereinafter referred to as
"Mortgagee", and xan r DLmkPI arx3 Vic~tnria i]~mkF.l ~ hic yrifg a
hereinafter referred to as "Purchaser".
W I T N E S S E T H:
WHEREAS, the Mortgagee is the owner and holder of a f
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promissory note dated Febnaaiy 8 , 19 80 , in the original amount
of Fifty Sao Zhousand Aze Htmdred and 00/100 DOLLARS 52,100.00
which is secured by a mortgage of even date and recorded in Official
Record Book 0325 , Page 2394 Public Records of St. Lucie
County, Florida, which encumbers real estate described as follows,
to-wit:
.Lot 8, Bl,odt 79, SOITtiI PORT ST. I~IE, UNIT FIVE, avoording to the
plat thereof, as r~ecorYled in Plat Book 14, Pages 12 and 12A through
12G, of the Public Reo~rds of St. Lucie Cotmty, Florida.
j *Now kTnwn as QOM~JITY FECERAL SAVIIQGS Ai~ID IIOIAN AS90CIATION OF TIC PALM BE.ACI~S .
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WHEREAS, the Purchasers are purchasing said real estate and
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have agreed to assume said note and mortgage and have made application
~ to the Mortgagee to allow the Purchasers to assume the hereinbefore
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described indebtedness evidenced by said note and mortgage as a part
of the purchase price. i
WHEREAS, part of the consideration for allowing the Purchasers s.
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q to assume .said note and mortgage by the ?Mortgagee is that the Mortgagee
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approve the Purchasers' credit and that the interest rate shall 6e at
s such rate as the Mortgagee shall request in accordance with ?aragraph
10 of said mortgage being assumed and that the Purchasers pay an
assumption fee. ~e of this assumption is $52,104.80.
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